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Best IT Stocks to Buy – Compare Top 10 IT Shares to Buy in India

Last Updated Date - Mar 21, 2023

The 21st century is tech-driven, and we are proud that India has become a center of global attraction over the past few years.

Thanks to the incredible growth and upgraded Infrastructure of the IT sector. Information Technology of India serves broad-ranging industries through its multiple arms.

Such as IT Services, IT Products, and IT-enabled solutions, each fueling the modern Infrastructure of the nation.

There’s no denying that this dramatic boost in this future-focused sector has largely been driven by IT companies in India. Owing to so many good things about the sector, investors as well are searching for the best stocks to buy.

If you are also a good name in this race, read on. Below we bring together some famous names in the list of top IT Stocks that are worth buying this year.

Know about the IT sector in India

The IT Sector or Information Technology Sector in India is booming. As per reports by IBEF, the IT industry accounts for 8% of India’s GDP.

Most notably, IT Software is the key growth-driving factor making the IT Industry so successful now. The Industry currently follows a growth pattern of 5% – 6%, and expectations are for more.

And the best part is some of the top tech companies in India currently earn a position among the world-leading tech giants.

The IT Industry is one of those lucky ones to double their turnover in the Global Pandemic. After all, the industry has a significant contribution to the remote culture adopted by the world during the lockdown.

If you also plan for IT sector stocks to buy. Then perhaps this article may help you reach a wise decision in the end.Top 10 IT Stocks to Buy in India - List of Best IT Shares to Buy

Top 10 IT Stocks to Buy in India – List of Best IT Shares to Buy

Here, we will give you a heads-up of what are those top 10 IT companies we want to draw your focus for. Each Informational Technology giant has its own unique identity.

Not all companies serve a similar service exactly, as their offerings are diversified. Few are maybe direct competitors of each other, but the unique engineered solutions of each cut the competition.

This adds a big benefit for investors looking for the best IT shares in India.  Such as, you can take decisions based on the company’s innovation and other tech-driven abilities.

And if you are still a bit anxious about tech shares to buy, take the help of some essential discussion we have covered by the end of this article.

Let’s try to find out more about these stocks in brief.

TCS Ltd. – Best Information Technology Stocks in India

With the myriad of tech-rich abilities, TCS Ltd. is one of the fastest-growing names in the digital era. Also, one of the best information technology stocks in India to top the list belongs to TCS Ltd.TCS Ltd. - Best Information Technology Stocks in India

The Mumbai-based TCS has now become a multinational corporation as it builds a massive client network beyond the domestic borders.

In addition to Mumbai, the company has one of the largest campuses located in Chennai. Set up in 1968, the company covers the distance to spread across 46 countries so far from its small presence.

The company even has its name registered in Forbes and in the list of top IT services brands having a massive contribution to the nation’s economy.

As per market capitalization, TCS Ltd tops the list through its multiple IT services to clients worldwide.

Product or Services

Here’s a quick recap of products and services offered by Tata Consultancy Services Limited, aka TCS Ltd.

  • Analytics and Insights
  • Blockchain
  • Cyber Security
  • Cognitive Business Operations
  • Enterprise Applications
  • Quality Engineering
  • Cloud
  • Automation & AI
  • Consulting
  • IoT & Digital Engineering
  • TCS Interactive
  • Sustainability Service
  • And other tech-related products

Why Invest in TCS Ltd?

Let’s reveal the key reasons that compel us to buy this one of the top IT shares. TCS Ltd has its roots firmly grounded in the IT sector.

The company has been generating revenue and profits in billions. Since IT services are the most demanded and successful in this modern age, the company leaves no stone unturned in multiplying its profits each year.

But it’s worth noting Tata Consultancy Services Ltd. is a large-cap stock. As of March 4, 2022, TCS Ltd cost around 3519.80 per share.

Over the last five years, the company’s prices have also grown by 176.90%, which is an incredible thing, and the pattern is still visible in green.

Infosys Ltd. – Best Technology Shares to Buy

Infosys Ltd. is the next famous name in the IT world. As its financial history shows, the company sustains its image among the most profitable ones in the entire IT world.

Infosys Ltd. - Best Technology Shares to Buy

It won’t be a big surprise to call Infosys Ltd the best technology shares to buy.

After all, the company recently crossed $100 billion in market capitalization in 2021. This shows that the company has grown into a big brand in the IT services sector.

It is an India-born corporation currently headquartered in Bengaluru, Karnataka.

But it’s worth noting that Infosys is a multinational company. Set up in 1981, the company is proud of being the second-largest IT company in the nation.

In short, you will be investing in Infosys but will be investing in the second largest and the best IT Company in the nation.

Product or Services

These are those popular products and services to own the stamp of Infosys Ltd. brand –

  • Digital Marketing, Commerce, Interactions, Workplace Services
  • Digital Experience
  • Applied AI
  • Cyber Security
  • Data Analytics
  • Engineering Services
  • Internet of Things (IoT)
  • Application Modernization
  • Enterprise Agile DevOps
  • API Economy & Microservices
  • Digital Process Automation
  • Cloud – Infosys Cobalt
  • Digital Supply Chain and much more

Why Invest in Infosys Ltd?

When searching for trusted and popular IT stocks in India, make sure you do not forget to give Infosys Ltd. a special place in your wish list.

Over the last five years, the company has yielded 237.01% returns for its investors. However, the sharp surge visible between 2020 and 2022 is primarily driven by increased demand for the stock.

In 2020, the share formed a lower low that lasted for a short time. Since the company was already in profits, it didn’t drop but ended up yielding more profits for its investors.

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HCL Tech Ltd. – Information Technology Share Price

Among the top sector stocks, HCL Tech Ltd. is one of the pioneering names. The multinational company has its headquarters in Noida, Uttar Pradesh, and has been operational since 1976.

HCL Tech Ltd. - Information Technology Share Price

Owing to its global footprints, the company employs more than 1,87,000+ in its team across different countries. HCL Tech solutions are pretty popular across multiple sectors.

From aerospace, defense, banking, industrial manufacturing, logistics, transportation, to hospitality, etc. company is famous in diverse niches for its varied range of offerings.

The company even earns its name in the Forbes Global 2000 List. But before you invest in HCL Tech, make sure you know that the company is originally a subsidiary of HCL Enterprise.

Product or Services

Here’s a list of products and services offered by HCL Tech Ltd. –

  • HCL Software
  • Industry Software Division
  • DRYiCE™ Software
  • Action Avalanche Hybrid Cloud Data Platform
  • Banking Transformation Platform
  • Nippon – Workforce Analytics Solution
  • Digital Workplace Services
  • Hybrid Cloud Services
  • NextGen Network Services
  • CyberSecurity & GRC Services and much more

Why Invest in HCL Tech Ltd?

Let’s discover a bit more about the information technology share price. HCL Tech Ltd. has generated a 169.38% return on investment over the past five years.

HCL Share price moves in green after forming a sharp drop in the mid of 2020. However, the drop was mainly driven by the company’s targeted share markets.

The company targets multiple sectors that might have shaken up the price pattern of HCL Tech in the mid of 2020.

But it is maybe the result of people’s belief in HCL Tech company that brings a dramatic jump in the share’s price, that is also by 234% within a span of 1 year.

Wipro Ltd. – Top IT Companies in India

In the list of top IT companies in India, Wipro Ltd. establishes its name at a notable spot. Mainly because the company provides a myriad of digital services to clients across multiple industries around the world.

Wipro Ltd. - Top IT Companies in India

Such as cloud, cyber securities, and other digital operations are popular. The multinational company is headquartered in Bangalore, Karnataka.

Most notably, the company also gets the 9th spot in the list of biggest employers in India. After all, Wipro Ltd. has more than 2,31,000 employees in its team.

Set up in 1945, the company currently stands atop many good players in the IT Industry.

Product or Services

Summing up the products and services served by Wipro Ltd., so these are as follows –

  • Data, Analytics & AI
  • Applications
  • Digital operation and platforms
  • IT Consulting
  • Infrastructure Services

Why Invest in Wipro Ltd?

IT share price has always been one of the most relieving subjects because the sector never disappoints.

If you BUY, at the right time, with the right amount of good equity research, the sector can surely multiply your income within a short span.

Just Like Wipro Ltd did. From the mid of 2020 and by the end of 2021 company’s price has risen by 203.45%.

The remarkable jump was totally mind-blowing, but it highlights the rising demand of Wipro Ltd. However it even enjoyed a rise in its revenue and net income over the past five years.

Tech Mahindra Ltd. – Top Technology Stocks in India

Another good name in the list you can’t forget to catch a glimpse of is Tech Mahindra Ltd. Watch out for the computer tech share price and see how incredibly this popular share has performed over the last few years.

Tech Mahindra Ltd. - Top Technology Stocks in India

Tech Mahindra is originally a part of Mahindra Group, highlighting its stable and trusted image in the market. The multinational company is popularly known for its technology services.

Apart from that, the company also engages in IT Consulting services. With over 141,000 employees, Tech Mahindra currently serves its giant customer base in more than 90 countries around the world.

Product or Services

Here’s a quick glimpse of the products and services on the base of Tech Mahindra Ltd builds a massive empire of its brand across multiple industries –

  • Infrastructure and Cloud Services
  • Experience Design Services
  • Business Process Services
  • Business Excellence Services
  • Network Services
  • Testing Services
  • Telecom Product Engineering
  • Performance Engineering
  • Integrated Engineering Solutions
  • Analytics
  • Artificial Intelligence
  • Cyber Security and much more

Why Invest in Tech Mahindra Ltd?

When you are on the top technology stocks in India hunt, look no further than investing in Tech Mahindra.

Another key reason is if you have already trusted Mahindra Group, then you should never hesitate to jump straight to its child organization – the Tech Mahindra.

Financially company has been doing an incredible job. Its revenue and net income are growing day by day, especially after the global pandemic when the company sees a sharp surge in its share prices.

From the mid of 2020 and by the start of 2022, the company’s price has grown by 251%. As of March 4, 2022, Tech Mahindra will cost you 1454.95 per share.

L&T Infotech Ltd – Top 10 IT stocks

When you wish to enter a list of large-cap top 10 IT stocks, you are probably looking for L&T Infotech Ltd. Operational since 1996, the company has become one of the most profitable IT organizations as of today.

L&T Infotech Ltd - Top 10 IT stocks

However, not so many investors know much about L&T Infotech Ltd., but it isn’t hidden that the company remains one of the most profitable in the future-centric sector.

After all, L&T Infotech Ltd. is the sixth-largest brand to operate in the IT Industry. The multinational firm provides IT services and consulting solutions to people around the world.

Recently in 2017, the company also enjoyed a position among the top 10 IT service providers in the world. All such reasons compel us to get our eyes hooked on L&T Infotech Ltd corporation.

Product or Services

Mentioned below are the major services provided by L&T Infotech –

  • Cloud
  • Consulting
  • Cloud & Infrastructure Services
  • Assurance and Quality Engineering
  • Cyber Defense
  • Application Management

Why Invest in L&T Infotech Ltd?

The infotech share price is the highest compared to other stocks we have covered in the list. However, the share had never been this pricey from the start.

Global Pandemic becomes the key reason deriving a sharpest ever surge in the L&T Infotech share price. Within the last five years, from 2017 to 2021, the company has almost doubled its income and revenue stream.

By the end of the financial year 2021, the company’s revenue went 13.71% higher, reporting around 123.70 billion by the end of 2021.

L&T Infotech Stock predictions say that the stock prices will rise in the next few months.

Mindtree Ltd. – Best IT Stocks to Buy

Mindtree Ltd. is one of the best IT stocks to buy. The NSE Listed stock has been grounded in the IT Sector since 1999 and currently employs more than 22100 people in its team.Mindtree Ltd. - Best IT Stocks to Buy

Headquartered in Bengaluru, Karnataka, India, the company earns a remarkable position among the top stocks that have miraculously performed right after the global pandemic.

It seems that the company has benefited a lot from the lockdown, as IT-powered remote culture adopted by people around the world is the key turning success for some good names in the IT Sector like Mindtree Ltd as of now.

The company has 43+ offices in over 18 countries around the world with a massive base of customers.

Product or Services

These are the major services served by MindTree Ltd to its clients around the world –

  • E-commerce solutions
  • Cloud Computing,
  • Mobile Applications,
  • Testing,
  • Digital Transformation,
  • Data Analytics,
  • Enterprise Application Integration
  • Enterprise Resource Planning,

Why Invest in Mindtree Ltd?

Some of the best IT shares in India are hard to ignore as they carry vast potential in multiplying your investment in no time.

Just like Mindtree Ltd., the stock generates about 600% return on investment within one year. As of March 4, 2022, a single MindTree Ltd share will cost you around 3,889.00, which was far less than 1000 back in 2020.

However, experts predict that this could be an expected bubble, but you can wait for the price to sustain at its upper level, as the company is still high on demand in the consumer market.

Mindtree Share Forecast suggests that it has very good future potential.

Mphasis Ltd. – Tech Companies in India

By including Mphasis Ltd in your portfolio, you can never go wrong. At present, it is one of the top stocks to buy. Mphasis Ltd mounts itself atop many tech giants in the IT Industry.

Mphasis Ltd. - Tech Companies in India

But before you invest, make sure you know that the company is an American Indian multinational company.

The Bengaluru based-firm employs more than 15,000 people in its team and does a remarkable job in the stock market in a span of two years alone.

However, the company is primarily an IT consulting service provider, but apart from that, it also provides broad-spectrum IT services to diverse businesses and clients around the world.

Product or Services

Mentioned below are the key products and services Mphasis Ltd is primarily known for in the Industry –

  • Application services
  • Blockchain
  • Cognitive
  • Business Process Services
  • DevOps
  • Cyber Security
  • Digital Services
  • Enterprise Automation
  • Experience Design
  • Product Engineering
  • Cloud Operation

Why Invest in Mphasis Ltd?

If you are searching for some popular tech companies in India that astonish their buyers, you are maybe searching for Mphasis Ltd.

After staying in a bearish trend from 2018 and by the end of 2019, Mphasis takes a u-turn from April 9, 2020, and yields 402.77% by the end of 2021.

However, the bearishness in Mphasis Ltd might have lasted just to trick investors because the company’s fundamental analysis shows that Mphasis Ltd year on year was growing.

In the financial year 2021, the company generated 9.94% higher revenue than the previous year and net income of 12.17 billion, higher by 2.70% than the previous year.

Info Edge Ltd. – Best Companies in India

The count of best companies in India is never-ending when you have some popular options like Info Edge Ltd available in the list.Info Edge Ltd. - Best Companies in India

Info Edge ltd could be a great share to include in the portfolio. From 1995 to 2022, the company has built a huge customer base through its high-tech digital solutions.

It is worth noting that the company runs India’s famous job portal Naukri.com. Apart from that, Jeevansathi.com, Shiksha.com, and 99acres include a few other popular online websites that are the creations of Info Edge Ltd.

As of 2020, the company generates 200.8 crores income. The company is currently headquartered in Noida.

Product or Services

Let’s catch a glimpse of the services offered by Info Edge Ltd.

  • Company’s income source is built in the multiple digital brands that it owns in which naukri.com, shiksha.com and jeevansathi.com are on the top.

Why Invest in Info Edge Ltd?

There’s always a compelling reason behind why you should consider information technology stocks to buy. The first one is that these shares are an evergreen staple of the stock market for long term investment.

Anytime tech-driven shares can yield excellent returns as the companies behind these shares are future-centric and solve the problems of almost every business and Industry through the digital solution.

Info Edge Ltd. is a pervasive share for its powerful digital solution and wide-spread network. From 2018 to 2022, the company generates 431.37% returns on investment, which is a big achievement.

L&T Technology Services. Ltd. – Top 10 IT Shares to Buy

Last but not least, in the list of top 10 IT shares to buy, L&T Technology Services. Ltd is also not far from achieving the tag of a famous IT Company.

L&T Technology Services. Ltd. - Top 10 IT Shares to Buy

However, L&T Technologies Services. Ltd is primarily an engineering service provider.

Set up in 2012, Vadodara, Gujrat based corporation, is now an NSE-listed company with offices located in multiple countries around the world.

Product or Services

L&T Technology Ltd serves solutions to the industries in the following areas of businesses. These include-

  • Product engineering
  • Manufacturing Engineering
  • Operational Engineering
  • Engineering Industry

Why Invest in L&T Technologies Services. Ltd?

L&T Technologies Services. Ltd emerges into one of the best technology shares to buy. Over the last five years, the share has generated a 500.18% return on investment.

However, the share generated most of it within one year. In 2021 and 2022, the company delivered a return on investment almost 4 folds which is higher than ever.

However, a new buy opportunity is expected to arrive as the company plans to enter new business avenues for trading.

Tata Elxsi Ltd. – Top IT Sector Stock to Buy

Tata Elxsi Ltd. is one of the fastest evolving names in the digital age. The company is popularly known for its AI, Automotive, Healthcare, Broadcast & Media products.

Apart from that, it also builds its name in digital research and strategy development and other engineering solutions. Set up in 1989, the Bengaluru-based corporation became the top IT sector stock to buy in this age.

Automotive, communication, broadcast, healthcare, and transportation companies serve digital solutions to a broad-ranging market. Most notably, Tata Elxsi Ltd is backed by TATA Group – an Indian multinational conglomerate.

Without a doubt, if you plan to invest in Tata Elxsi Ltd shares, you will never be facing disappointment at all.

The NSE-listed company has 6800+ employees in its team. It establishes a giant integrated business across 31+ locations.

Persistent Systems Ltd – Top IT Companies Stocks to Buy

When searching for top IT companies stocks to buy, remember Persistent System Ltd. The multinational technology service company is BSE Listed.

For a long time, the digital company has been known for its Digital Strategy & Design, Software Product Engineering, Intelligent Automation, Cloud & Infrastructure, and Data & Analytics.

Set up in 1990, Persistent System has now become the first choice for customers as well as investors.

Across digital landscapes, the company earns a great faith of investors, vendors, customers, and every person who is part of Persistent Systems Ltd.

The company has 17,000+ employees working day and night to make PS Ltd shine on the top in the digital market.

Briefing the share price, the company shows a dramatic performance in 2021 as prices have gone up by almost 561 within the span of one year. Without a doubt, the stock can leave you in high profitability.

Oracle Financial Service Ltd. – Information Technology Companies’ Shares to Buy

Some of the top Information Technology companies’ shares to buy that can never disappoint cover Oracle Financial Services Software Ltd. The IT services company is a subsidiary of Oracle Corp.

In the mainstream, Oracle Financial Services Software Ltd is a digital solution provider to insurance technology, retail banking, and corporate banking.

Set up in 1990, starting off from a small vision, today the company generates 5,115 crores revenue.

The Mumbai-based corporation partners with numerous banking, and financial firms, providing them with a digital solution that’s the need of the future.

Altogether, the share could be an excellent pick if searching for a promising and quality investment alternative.

Coforge Ltd. – IT Companies in India

IT companies in India have a significant contribution in scaling the economy of India. There’s almost no industry that’s not benefiting from these digitally advanced corporations.

And among all those good companies, Coforge Ltd places itself in a notable place. After all, it is one of the top names in the IT Industry. Formerly known as NIIT technologies, Coforge Ltd has become a multinational company.

The company delivers innovative IT solutions to clients around the world. Thus, it has become one of the trusted Information Tech Giants of this age.

Tanla Platforms Ltd. – Technology Stocks in India

Look no further. Jump straight to Tanla Platform Ltd. as it has become one of the top-rated technology stocks in India. In our honorable mentions, Tanla Platform Ltd reserves a remarkable spot.

The IT Service provider is primarily a cloud communication company. In simple words, Tanla Platforms Ltd. offers value-added services across the areas of cloud communications.

The company is headquartered in Hyderabad, with offices spread across different countries. Founded in 1999, the company is now an NSE-listed firm.

How to find IT Stocks for Trading?

Trade-in IT Stocks if you want to become a successful trader. Informational Technology is the future, and every company that engages in this sector enjoys a profitable position.

Thus, investors who believe in IT shares are also not far from fetching the returns they adore. Few companies in the IT sector generate returns three to 6 folds within a year.

But finding an IT stock has never been that easier. Lots of things go into the entire process of searching and making a bid for an IT stock.

These include determining the company’s growth profile, financial profile, relationship with investors, and parent company’s overall profile.

Similarly, some technical analysis is also checked to ensure whether a hike in a share’s price is a bubble or it is an absolute rise in the share’s price.

All such things must be checked on priority to ensure you reach a wise trading decision for IT stocks.

Most companies are still supplying outdated IT services; thus new and innovative services must be included in their portfolios.

How to Invest in IT Sectors Stocks?

On this walkthrough, we will be discovering the overall process of finding a share. How you can Invest in Tech Stocks is one of the essential things to know before you bring a plan into action.

However, the process of investing in IT sector stocks is somewhat similar to any other stock. Still, there are certain things to check before you take a dig. To simply put, when buying an IT stock, check out the company’s services.

They must be providing innovative and high-tech solutions to clients as few IT services are now outdated.

Similarly, you can take the help of your broker, as it mostly provides a heads up on the company’s overall profile you want to invest in.

Moreover, never park your entire money in one stock; buy two or more stocks from IT and a few more from diverse asset markets to ensure your investments are diversified.

Even though the IT sector is one of the most profitable ones, we can’t forget that every investment has a certain degree of risk attached.

Top IT Companies in India – Conclusion

So these are the top IT companies in India. Go ahead and make a bid. Each stock brings you an excellent BUY Opportunity.

But whether or not they will work out as per your investment plan is essential to check before anything else. Try not to invest in a single stock but purchase multiples to create a safe pool of investment.

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